B2Gold (BTG) EBITDA (2012 - 2026)

B2Gold (BTG) posted quarterly EBITDA of $626.5 million for Q1 2026, up 151.05% year-over-year from $249.6 million in Q1 2025, and up 22.59% on a QoQ basis from $511.0 million in Q4 2025.

B2Gold (BTG) EBITDA (2012 - 2026) Analysis & Trends

B2Gold (BTG) has reported EBITDA for 15 consecutive years, with $626.5 million the latest figure, recorded in Q1 2026.

  • In Q1 2026, EBITDA rose 151.05% year-over-year to $626.5 million; the TTM figure through Mar 2026 stood at $1.8 billion (up 4282.92% YoY), while the FY2025 annual figure was $1.4 billion, up 656.63% from the prior year.
  • EBITDA came in at $626.5 million for Q1 2026 at B2Gold, up from $511.0 million in the prior quarter.
  • The five-year high for EBITDA was $626.5 million in Q1 2026, with the low at -$562.2 million in Q3 2024.
  • Average EBITDA over 5 years is $183.4 million, with a median of $210.9 million recorded in 2023.
  • The largest YoY upside for EBITDA was 464.98% in 2024 against a maximum downside of 2142.59% in 2024.
  • Year by year, EBITDA stood at $232.0 million in 2022, then slumped by 115.17% to -$35.2 million in 2023, then soared by 464.98% to $128.4 million in 2024, then jumped by 297.96% to $511.0 million in 2025, then rose by 22.59% to $626.5 million in 2026.
  • According to Business Quant data, EBITDA over the past three periods registered $626.5 million, $511.0 million, and $332.9 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Barrick Mining 978.09 Bn 980.39 Bn 3.12 Bn 3.04 Bn
2 Trx Gold 189.48 Bn 189.48 Bn 21.05 Mn -13.78 Mn
3 Newmont 101.22 Bn 92.61 Bn 7.29 Bn 4.45 Bn
4 OR Royalties 53.18 Bn 53.08 Bn 88.84 Mn 97.43 Mn
5 Wheaton Precious Metals 50.59 Bn 48.43 Bn 699.37 Mn 751.65 Mn
6 Aura Minerals 50.25 Bn 50.25 Bn 19.58 Mn 24.27 Mn
7 Franco Nevada 40.21 Bn 39.50 Bn 526.30 Mn 550.40 Mn
8 Gold Fields 30.19 Bn 28.41 Bn - -
9 Kinross Gold 28.01 Bn 25.95 Bn 1.44 Bn 1.34 Bn
10 B2Gold 5.12 Bn 5.16 Bn 609.77 Mn 626.50 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 626.50 Mn
Dec 31, 2025 511.04 Mn
Sep 30, 2025 332.87 Mn
Jun 30, 2025 367.22 Mn
Mar 31, 2025 249.55 Mn
Dec 31, 2024 128.42 Mn
Sep 30, 2024 -562.18 Mn
Jun 30, 2024 226.14 Mn
Mar 31, 2024 198.36 Mn
Dec 31, 2023 -35.18 Mn
Sep 30, 2023 27.52 Mn
Jun 30, 2023 211.32 Mn
Mar 31, 2023 227.82 Mn
Dec 31, 2022 231.95 Mn
Sep 30, 2022 96.38 Mn
Jun 30, 2022 12.67 Mn
Mar 31, 2022 150.50 Mn
Dec 31, 2021 266.91 Mn
Sep 30, 2021 245.58 Mn
Jun 30, 2021 138.74 Mn